It was reported that in a number of hospitals belonging to the hospital chain HCA, doctors had been performing unnecessary heart procedures on patients. When performed on people who do not require them, these procedures might result in fatal consequences. According to the New York Times article, the health conditions of a numerous patients have been negatively affected by the procedures. The HCA hospitals are concerned more about their bottom lines than patients’ health.
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HCA’s doctors have been taking advantage of patients’ vulnerability and lack of knowledge. It is distressing to think that the doctors we trust with our lives, would risk patients’ well-being simply to increase profits. We always hear about companies violating business ethics. However, it is much more shocking and disturbing when the company neglecting ethics is a hospital, perhaps because what is at risk here is not only the customers’ money but also their lives.
In today’s competition-driven world, the primary goal for most businesses is to maximize profits to secure their place in the market. Similar to the situation with HCA, most executives feel as if they have to make a choice between developing the business and functioning with respect to ethical concepts. However, for long term success, executives should acknowledge that following business ethics is an essential part of the growing process. Therefore, there is no such thing as business versus ethics, its either business with ethics or failure.
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very nice indeed
Cool article. Thanks for sharing.